VIC tumbles 22.83% on Binance spot market as MMT rebounds 14.25%

Binance spot data showed steep 24-hour declines in VIC, HFT and PIVX, while MMT and FLNCB rebounded and BEL climbed to a new weekly high.

Summary

Sharp divergences emerged across tokens on the Binance spot market over the past 24 hours. VIC posted the biggest decline, falling 22.83%, while HFT dropped 13.56% and PIVX lost 12.62%, with both described as being in a high pullback state. On the gainers side, MMT rose 14.25% in what was characterized as a bottoming rebound, and FLNCB also entered a bottoming rebound state after gaining 6.99%. BEL added 7.48% and reached a new high for the week, underscoring the uneven price action across smaller crypto assets.

Terms & Concepts
  • spot market: Market for immediate asset trading
  • high pullback: A sharp retreat after earlier gains
  • bottoming rebound: A recovery after hitting lows